Malaysia palm oil futures

Malaysian palm oil futures climbed higher due to increased fears of the continuing monsoon season which is expected to reduce production levels and stocks into the start of the New Year.

Exports of Malaysian palm oil products during December 1 to 31 decreased 0.9 per cent to 1.313 million tonnes compared with 1.324 million tonnes during November 1 to 30.
Overall, demand from the EU and India increased, while demand fell from China and the US.
However, Malaysia goverment expected palm oil production in 2015 to reach 20 million tonnes.